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┌────────┬─────────────────────┐
│Item │Description │
├────────┼─────────────────────┤
│Underlying │Gold with a purity of 0.9999 │
├────────┼─────────────────────┤
│Abbreviation │NT Dollar Gold Futures │
├────────┼─────────────────────┤
│Ticker Symbol │TGF │
├────────┼─────────────────────┤
│Trading Hours │Trading days conform to regular exchange │
│ │trading days │
│ │Regular trading session: 08:45AM-04:15PM │
│ │Taiwan time │
│ │After-hours trading session: 05:25PM on │
│ │trading day - 05:00AM of the following day│
│ │; no after-hours trading session on the │
│ │last trading day for the delivery month │
│ │contract │
├────────┼─────────────────────┤
│Contract Size │10 Taiwan taels │
│ │(100 Taiwan cians or 375 grams) │
├────────┼─────────────────────┤
│Delivery │6 consecutive even months │
│Months │(Feb., Apr., Jun., Aug., Oct., Dec.) │
│ │Upon expiration of near month, new │
│ │contract month will be listed for trading │
│ │beginning on the next regular trading │
│ │session. │
├────────┼─────────────────────┤
│Daily Settlement│The daily settlement price is the │
│Price │volume-weighted average price of all │
│ │trades during the last minute of regular │
│ │trading session, or as otherwise │
│ │determined by TAIFEX according to the │
│ │Trading Rules for NT Dollar Denominated │
│ │Gold Futures. │
├────────┼─────────────────────┤
│Price Limits │3-Level Price Limits at ±5%, ±10% and ±15%│
│ │of the daily settlement price of the │
│ │preceding regular trading session. │
├────────┼─────────────────────┤
│Price Quotation │Quotations are in units of 1 Taiwan cian │
│and Tick Size │(3.75 grams). │
│ │ │
│ │Tick size is NTD 0.5/Taiwan cian │
│ │(NTD 50 per contract). │
├────────┼─────────────────────┤
│Last Trading │Third-to-last business day of the delivery│
│Day │month. │
├────────┼─────────────────────┤
│Final Settlement│The first business day following the last │
│Day │trading day │
├────────┼─────────────────────┤
│Final Settlement│The final settlement price of the │
│Price │Contracts shall be set on the basis of the│
│ │LBMA Gold Price AM announced by ICE │
│ │Benchmark Administration Limited(IBA) on │
│ │the same calendar day as the last trading │
│ │day and the USD/TWD spot exchange rate at │
│ │11 AM Taiwan time announced by Taipei │
│ │Forex Inc. on the last trading day, after │
│ │conversion for weight and fineness. The │
│ │formula for its calculation is as follows:│
│ │ │
│ │(LBMA Gold Price AM ÷ 31.1035 × 3.75 × │
│ │0.9999 ÷ 0.995 )× the USD/TWD spot │
│ │exchange rate at 11 AM │
├────────┼─────────────────────┤
│Settlement │Cash settlement │
│ │In addition, according to " Taiwan Futures│
│ │Exchange Operational Key Points of │
│ │Clearing and Settlement for Futures │
│ │Commission Merchants and Clearing │
│ │Members", market participants with open │
│ │positions may apply for delivering or │
│ │receiving the physical gold that is │
│ │registered to and regulated by Taipei │
│ │Exchange for trading │
├────────┼─────────────────────┤
│Position Limit │Any investor's aggregate open same-side │
│ │positions in the Contract for various │
│ │delivery months at any time shall not │
│ │exceed the limit standards announced by │
│ │TAIFEX. │
│ │ │
│ │Institutional investors may apply for an │
│ │exemption from the above limit on trading │
│ │accounts for hedging purposes. │
│ │ │
│ │These position limits are not applicable │
│ │to omnibus accounts, with the exception │
│ │of undisclosed omnibus accounts, which │
│ │accounts are subject to the limits for │
│ │institutional investors. │
├────────┼─────────────────────┤
│Margin │The initial and maintenance margin levels │
│ │as well as the collection measures │
│ │prescribed by the FCM to its customers │
│ │shall not be less than those required by │
│ │TAIFEX. │
│ │ │
│ │The initial margin and maintenance margin │
│ │announced by TAIFEX shall be based on the │
│ │clearing margin calculated according to │
│ │Taiwan Futures Exchange Corporation │
│ │Methods and Standards for Receipt of │
│ │Clearing Margins, plus a percentage │
│ │prescribed by TAIFEX. │
└────────┴─────────────────────┘
‧ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO WARRANTY, EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF THE LBMA GOLD PRICE AND/OR THE FIGURE AT WHICH THE LBMA GOLD PRICE STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE. ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE FOR USE WITH RESPECT TO TAIFEX TGF.
‧LBMA Gold Price is a trade mark of Precious Metals Prices Limited.
‧Copying, dissemination and use of LBMA Gold Price without the express written permission of IBA is prohibited.
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